NY Fed Manufacturing Data Heads Wrong Way

[24/7 Wall St.]

24/7 Wall St. Daily News

The New York Fed’s Empire manufacturing data came in a bit weaker than expected.* The business conditions for the month of June fell to -9.41 versus a reading of -4.55 in May.* The Bloomberg consensus reading was looking for the losses to contract to a reading of -2.0, and some economists were even hoping for [...]

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